Xerox Corp. (XRX) Tops Q3 EPS by 1c

Xerox Corp. (NYSE: XRX) reported Q3 EPS of $0.27, $0.01 better than the analyst estimate of $0.26. Revenue for the quarter came in at $5.12 billion versus the consensus estimate of $5.19 billion.

“This quarter we delivered earnings at the high end of our range. Profits from our Document Technology business came in above expectations while Services results were lower than planned,” said Ursula Burns, Xerox chairman and chief executive officer. “Our Document Technology business continues to provide strong profitability, and we are continuing to invest in our Services business for revenue and profit improvement by strengthening leadership and evolving our operating model to better leverage our scale and drive efficiency and customer value. These activities will position us well for the future.”

The company sees Q4 EPS of $0.30 - $0.32, with estimates at $0.31.

Xerox Corp. sees FY2014 EPS of $1.11-$1.13, versus the consensus of $1.11.

For earnings history and earnings-related data on Xerox Corp. (XRX) click here.

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